Nifty just broke the crucial support of 7730  which is the neckline of the head n shoulder pattern emerging in recent months

If the head n shoulder pans out technically the target should be at around 7200-7160 level which is also 61% retracement level of the range starting from 6000 to 9100 nifty

apart from other news and rumors nifty is travelling inside the bearish corrective channel
where 7200 is a good level to enter for value buying of stocks
 However above 8300 with good volume will change the bearish scenario and act as a reversal.
Lets hope for the best ......we really do not want the recent head and shoulder to be confirmed and achieved ...........lols

market is subject to risk
only time will tell






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